Anatolia Property Tax Appeals » Anatolia Tax Appeal Consultant

Did the Assessor’s Office Get Your Value Right?

Anatolia Tax Appeal — Tue, 05 May 2009 21:25:17 +0000

One of the big factors in property tax appeals is that the best available data from the local market should be applied on your behalf. This is an elementary valuation concept, but often times the reason why your property taxes are too high is because the mass-appraisal process instituted by the Assessor’s Office fails to incorporate the most reliable data for your household. In essence, your home ends up being compared to dissimilar houses or outdated market trends, which leads to a large discrepancy in value (and then your wallet hurts). Additionally, many residents wonder too if the Assessor’s Office is feeling the pressure of dwindling funds in Sacramento County and if that has a way of influencing assessed values.

The most similar houses on your street, immediate tract, and surrounding area in Anatolia should be given strong weight when rendering a legitimate opinion of value. The overall trends in the real estate market and perception among local buyers too plays an enormous role in your property’s worth. Additionally, there are external factors such as the state of the economy, available financing and job security that also factor into the equation. There is not just one point of data to consider when determining what your property is worth, but a plethora of market research (as opposed to picking the highest sales in the market and comparing them to your property).

There are often reasons why your house may not compare with the highest sale in the market anyway, right? Things like square footage, lot size, location, view, builder, age, condition, bedroom count, and level of upgrades can all make a big impact on the value of your home. Take for instance, the location. Imagine if your home backed to Sunrise Blvd. Would you say that the typical buyer would probably pay less for your property because of the increased traffic noise? Or do you think a buyer would pay a premium for a house with 500 additional square feet or a house with $100,000 worth of upgrades? Or if brand new houses in Anatolia are selling for much less than yours did in 2005 , would someone pay the same price for your house as they would for brand new one?

These factors certainly make a difference with the level of property tax you pay, but one of the most significant realities to confront is when current property taxes are not based on the true state of the overall housing market. Housing prices have declined so drastically in recent years and the prices are at levels much before 2004 in most cases (some say 2001). The truth is that the conditions of the market and the assessments given by the Assessor are capable of being way out of sync with current market trends (and not to the advantage of the home owner in most cases). This fact makes a big difference in our wallets too because we could be paying hundreds or sometimes thousands of dollars too much in property taxes each year unless we take steps to shed light on the true value of your home.

As your local tax appeal specialist, if you have any questions about the tax appeal process, please give me a call at 916-595-3735. My residential real estate company is based in Rancho Cordova and I am very familiar with Anatolia.

http://www.AnatoliaTaxAppeal.com Does the Assessor’s Office Get Your Value Right?

Why don’t more home owners in Sacramento County appeal their property taxes?

Anatolia Tax Appeal — Wed, 15 Apr 2009 18:51:46 +0000

There are a number of reasons why local home owners do not appeal their property taxes more often: 1) Many property owners are unfamiliar with what to do and how to do it, so appealing property taxes and handling something new can feel intimidating; 2) Life gets busy and this whole process seems like a pain to deal with; 3) Many home owners do not know who to be able to trust to help them; 4) Home owners get a letter in the mail stating that the Assessor has already dropped their property tax level for the year, so home owners feel that they have already received all that they can. But in so many cases, they have not because the assessed value is still too high (sometimes very high).

Please contact me with questions so that I can help you decided whether appealing taxes is a good move for you or not.

http://www.AnatoliaTaxAppeal.com Why don’t more home owners in Sacramento County appeal their property taxes?

Why does Anatolia have so many houses that are not assessed accurately?

Anatolia Tax Appeal — Tue, 10 Mar 2009 17:53:51 +0000

Like many other local communities that were built over the past five years, much of Anatolia in Rancho Cordova was built during the peek of the housing market and has since seen values decline rapidly just as they have through much of the Sacramento Region. Frankly, the Assessor has not kept up on the decline in some cases and therefore home owners need to present accurate information to the Assessment Appeals Board to make sure that they are not paying too much in property taxes.

Take a look at it this way and imagine what you purchased your home for, what it is likey worth now, and how much the Assessor says it is worth. If you are assessed even at $25,000 to high, then you are paying $250 additional dollars per year that you should not be paying.

Assessed Value $25,000 too high = you overpay by $250 per year

Assessed Value $50,000 too high = you overpay by $500 per year

Assessed Value $100,000 too high = you overpay by $1,000 per year

Assessed Value $150,000 too high = you overpay by $1,500 per year

Assessed Value $200,000 too high = you overpay by $2,000 per year

http://www.AnatoliaTaxAppeal.com Why does Anatolia have so many houses that are not assessed accurately?

What are the potential savings I can have on my property taxes in Anatolia (Rancho Cordova)?

Anatolia Tax Appeal — Fri, 27 Feb 2009 18:02:34 +0000

Since we are taxed at a rate of up to 1.25% on the total assessed value of our properties, this basically means that for every $10,000 of assessed value you are paying $100 more or less.

Imagine the following:

Assessed Value $25,000 too high = you overpay by $250 per year

Assessed Value $50,000 too high = you overpay by $500 per year

Assessed Value $100,000 too high = you overpay by $1,000 per year

Assessed Value $150,000 too high = you overpay by $1,500 per year

Assessed Value $200,000 too high = you overpay by $2,000 per year

It adds up quickly, doesn’t it? For further information see www.AnatoliaTaxAppeal.com/faq

What are common reasons why people appeal their property taxes in Sacramento County?

Anatolia Tax Appeal — Fri, 20 Feb 2009 18:04:23 +0000

There are four basic reasons:

1) Decline in Value (If you believe the market value for your property has declined and is no longer as high as the assessed value).

2) Change in Ownership (If you believe the market value of your property is less than the assessed value based upon a change of ownership).

3) New Construction (If you believe that the market value of your property based upon completion of new construction is less than the assessed value).

4) Calamity Reassessment (If your property has experienced a misfortune or calamity that has decreased the market value).

For further information see www.AnatoliaTaxAppeal.com/faq